Nevada § 163.405 - Apportionment or allocation of receipts and expenses
Full text of Nevada Nevada Revised Statutes § 163.405 — Apportionment or allocation of receipts and expenses, with citation guidance and answers to common questions.
§ 163.405. Apportionment or allocation of receipts and expenses
A fiduciary may determine: 1. What is principal and what is income of any estate or trust and may allocate or
apportion receipts and expenses as between principal and income in the exercise of
the fiduciary's discretion, and, by way of illustration and no limitation of the fiduciary's
discretion, may charge premiums on securities purchased at a premium against principal
or income or partly against each. 2. Whether to apply stock dividends and other noncash dividends to income or principal
or apportion them as the fiduciary deems advisable. 3. What expenses, costs, taxes (other than estate, inheritance and succession taxes)
and other governmental charges shall be charged against principal or income or apportioned
between principal and income and in what proportions.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.405
What does Nevada Revised Statutes § 163.405 cover?
Section 163.405 ("Apportionment or allocation of receipts and expenses") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 163.405?
A common citation format is "Nevada Revised Statutes § 163.405" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 163.405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.